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3 years ago

The price of an item is usually high when the number of people wanting to buy it is

Business

1 answer:

podryga [215]3 years ago

5 0

Answer:

High

Explanation:

When the number of customer willing to buy increases, the demand for that product also rise. According to the law of supply and demand, an increase in demand without a subsequent increase in supply results in an increase in the buying price.

An increase in the number of buyers increases competition for the few available goods. Sellers will take advantage of high demand and increase prices to make more profits. Therefore, when there more people willing to buy a product, its price tends to increase.

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A long-term period of economic recession that leads to a low GDP and very

madam [21]

Answer:

Depression

Explanation:

A long-term period of the economic recession that leads to a low GDP and very high unemployment is a(n) DEPRESSION

Depression is an economic term used to describe a deep tumble in an economy that occurs for a long period of more than six months. Depression lasts for years, and it is characterized by low real GDP and an awfully high level of unemployment.

Hence, in this case, the right answer is Depression.

6 0

3 years ago

Where could an identity theft access your personal information?

lisov135 [29]

C is correct answer ......

6 0

4 years ago

A photograph of a person picking up a baby from a stroller to soothe her is printed next to an article about the abduction of ba

ankoles [38]

A photograph of a person picking up a baby from a stroller to soothe her is printed next to an article about the abduction of babies. The type of ethical violation is that this is infringing on a photograph. The photo will violate the right of the baby which is only picked by the photographer randomly. So the photograph will be sued by infringement.

3 0

4 years ago

Read 2 more answers

A market research company employs a large number of typists to enter data into a computer database. The time it takes for potent

monitta

Answer:

4.75% of the candidates takes more than two hours to learn the computer system.

Explanation:

The relevant information to solve the problem is:

1. The time it takes to learn follows a Normal distribution

2. The mean is 90 minutes

3. The standard deviation is 18 minutes

4. The question is What proportion of candidates takes more than two hours to learn the computer system?

Then, you shall calculate the Z-score and use a standard distribution table to look up the Z-score and the corresponding probability.

Repeating myself from a recent answer, "there are two types of standard distribution tables: tables that show values that represent the AREA to the LEFT of the Z-score, and tables that show values that represent the AREA to the RIGHT of the Z-score".

1. First, calculate the Z-score:

$Z-score=\frac{x-mean}{standard\text{ }deviation}$

$x=2hours=120min$

$Z-score=\frac{120-90}{18}\approx 1.67$

2. Use the table that represents the area to the right of the mean to find the ratio of typists that have a Z-score greater than 1.67.

$Probability=0.0475=4.75\%$

Therefore, 4.75% of the candidates takes more than two hours to learn the computer system.

4 0

3 years ago

During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,00

Maksim231197 [3]

Answer:

Please see details below:

Explanation:

Raw materials inventory $ 50.000

Cash $50.000

*this entry register the stock of the raw materials in the accounting system.

Factory Supplies $12.000

Raw materials inventory $12.000

*Some raw materials can be used as intermediate goods..

Finished Goods $12.000

Raw materials inventory $12.000

*Some raw materials can be used as Finished goods..

5 0

3 years ago

The price of an item is usually high when the number of people wanting to buy it is​

The price of an item is usually high when the number of people wanting to buy it is